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UK Authorised Payment Institution License (API)

United Kingdom
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    UK Authorised Payment Institution License (API)

    Description

    The FCA defines an authorised payment institution as an entity that is authorised to make payments and is included in the FCA’s official register of APIs. The definition spans organisations such as credit card processors, payment account operators, remittance operators, foreign exchange businesses, and payment initiation businesses. Now that Safenetpay has evolved from API to EMI, it can issue and hold electronic money.

    Main details:

    • Company was incorporated in 2014 and authorized from FCA in 2020
    • Operational company
    • Physical office in UK
    • Capital 46 500 GPB
    • Safeguarding account with EM Bank Lithuania
    • Business account with Revolut, FGC
    • Merchant accounts with Trustly, Trust Payment and Bambora
    • Subscription based IT platform
    • Cash collection with Choice Forex Ltd, Link FX Ltd
    • Agreement with JS Bank Pakistan (cash payments to JS Bank, Allied Bank, MCB Bank and deposit anywhere in Pakistan)

    Basic Details

    Target Price:

    ₤935,000

    Gross Revenue

    TBA

    EBITDA

    TBA

    Business ID:

    L#20220266

    Country

    United Kingdom

    Detail

    Business ID:L#20220266
    Property Type:Financial Services
    Property Status:For Sale
    Target Price: ₤935,000
    Gross Revenue:TBA
    EBITDA:TBA
    Target Price / Revenue:INFx
    Target Price / EBITDA:INFx
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      The FCA defines an authorised payment institution as an entity that is authorised to make payments and is included in the FCA’s official register of APIs. The definition spans organisations such as credit card processors, payment account operators, remittance operators, foreign exchange businesses, and payment initiation businesses. Now that Safenetpay has evolved from API to EMI, it can issue and hold electronic money.

      Main details:

      • Company was incorporated in 2014 and authorized from FCA in 2020
      • Operational company
      • Physical office in UK
      • Capital 46 500 GPB
      • Safeguarding account with EM Bank Lithuania
      • Business account with Revolut, FGC
      • Merchant accounts with Trustly, Trust Payment and Bambora
      • Subscription based IT platform
      • Cash collection with Choice Forex Ltd, Link FX Ltd
      • Agreement with JS Bank Pakistan (cash payments to JS Bank, Allied Bank, MCB Bank and deposit anywhere in Pakistan)

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